287
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Nov 19, 2012
11/12
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the cost of the debt service in that environment will be enormous. investors and retirees with social security and state debt will see their portfolios lose value. home buyers will see the cost of mortgages to rise and home owners will likely see the price of their homes fall. as few buyers qualify for these mortgages. the government could have its back to the wall at that point and we would be forced to embrace more drastic steps to ensure fiscal balance of the government does not take action now. why hasn't the government taken action? let's be candid -- putting aside the rhetoric -- rhetoric and the possible last two weeks, the behavior in washington in recent years confirms we have lost the ability to compromise. politicians who attempt to move to the center are set upon by their own side. one size faces continuing pressures never allowing a cent of spending cuts and there's a call countervailing opinion from the others as a reserve -- the other side that does not want a tax increase. each side of states the other side cannot win no matter what t
the cost of the debt service in that environment will be enormous. investors and retirees with social security and state debt will see their portfolios lose value. home buyers will see the cost of mortgages to rise and home owners will likely see the price of their homes fall. as few buyers qualify for these mortgages. the government could have its back to the wall at that point and we would be forced to embrace more drastic steps to ensure fiscal balance of the government does not take action...
253
253
Nov 19, 2012
11/12
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CNBC
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my question to you is, in this environment, with the economic environment, with the possibility of a compromise regarding the fiscal cliff, vis-a-vis the increase revenues and cuts in spending, what is your analysis and your opinion on the tax free municipal bonds at this juncture? >> you have to buy them. the individual is going to go right back them and move them up. i think that's a great place to be. don't touch them. i want you to buy them. brilliant idea. now we go to paul in louisiana. paul? >> caller: hey, jim. thanks for taking my call. >> no problem. >> caller: i've been just getting in and sticking with a stock itw. i've been following it for a couple months. they seem to be doing pretty well. there is going to be a change in the leadership. can you comment? >> david spear passed away which is -- he was a terrific guy. this is a very well run company. i suspect that they won't really skip a beat. it's always been a favorite of mine. i would continue to own it. i wouldn't buy it off this. he's a good man. i think it's fine. i think it is fine. is this the rise above rally?
my question to you is, in this environment, with the economic environment, with the possibility of a compromise regarding the fiscal cliff, vis-a-vis the increase revenues and cuts in spending, what is your analysis and your opinion on the tax free municipal bonds at this juncture? >> you have to buy them. the individual is going to go right back them and move them up. i think that's a great place to be. don't touch them. i want you to buy them. brilliant idea. now we go to paul in...
77
77
Nov 19, 2012
11/12
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FBC
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it adds to the whole environment of intense uncertainty. you are asking people to make investors of their money or shareholders money at a time when nobody knows what the fiscal system will provide. connell: we talk to people on all sides of this debate. the conservative side represented by monica crowley. talking about the conversation changing from all of this from revenue to something about spending. from the business community's point of view, or you concerned? >> both are important. we need to address the fiscal cliff issue now. not december 301 or january 1. you'll get a lot of negative ahead of that. extend the tax treatment. extend the tax revisions. new found out for a period of time that will allow a real discussion about reform. connell: do you have to have a template in place or is it all right to just extend the current environment? >> i think what has been discussed is to come to some very broad agreement with goals for the relevant committees on the hill. that is good. that gives people a sense of where we are going. business
it adds to the whole environment of intense uncertainty. you are asking people to make investors of their money or shareholders money at a time when nobody knows what the fiscal system will provide. connell: we talk to people on all sides of this debate. the conservative side represented by monica crowley. talking about the conversation changing from all of this from revenue to something about spending. from the business community's point of view, or you concerned? >> both are important....
141
141
Nov 19, 2012
11/12
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CSPAN
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those remain a central afford -- the central for the environment and for economics. host: here is from an article. sweet springs, missouri, mike is on the line. he is a democrat. caller: i think the producers ought to be giving americans a trade-off in one of three categories. we know our price of water is going to go up in the u.s. and if our water rose up and our gasoline remains the same amount because of exporting and the cost of shipping, with one of vigor energy costs in water, electricity, and gas just because of shaving. -- shaling. the producers ought to give one thing at least, guarantee higher wages, or reduce gasoline costs. you cannot do this to the american people on all three sectors with no trade-offs. if we are going to pay high costing gasoline, high-cost in water up to $5 per gallon for bottled water -- people are paying $2 per gallon from bottled water now. we need a trade off. i do not think that the producer should be allowed to do anything unless the american people are given a fair shake on one of the three items. guest: water is one of those
those remain a central afford -- the central for the environment and for economics. host: here is from an article. sweet springs, missouri, mike is on the line. he is a democrat. caller: i think the producers ought to be giving americans a trade-off in one of three categories. we know our price of water is going to go up in the u.s. and if our water rose up and our gasoline remains the same amount because of exporting and the cost of shipping, with one of vigor energy costs in water,...
336
336
Nov 19, 2012
11/12
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MSNBCW
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it's a very bad food environment that we live in. thank you for bringing this to the table. >> you just marginalized yourself in a way that your two mean brothers never could. >> p we all lived under the sea. >> intellectually limited. >>> "new york times," the liberal gloat. he makes a lot of points in this piece. i'm going to read one off the computer. let's zoom in on what he says about, for example, what happened with the hispanic vote. are democrats winning hispanics because they put forward a more welcoming face than republican s do? one more in keeping with american's tradition with migrants yearning to breathe free? yes, up to a point. but they're also winning recent immigrants because those immigrants offense wrnts a simulating successfully or, worse, ares a simulating downward, thanks to rising out of wedlock birth rates and drop out rates. it depends heavily on the darker trends, the weaker that families and communities are, the more necessary government support inevitably seems, which is an interesting point. he goes on t
it's a very bad food environment that we live in. thank you for bringing this to the table. >> you just marginalized yourself in a way that your two mean brothers never could. >> p we all lived under the sea. >> intellectually limited. >>> "new york times," the liberal gloat. he makes a lot of points in this piece. i'm going to read one off the computer. let's zoom in on what he says about, for example, what happened with the hispanic vote. are democrats...